VYbJsk9un*urnTransorbc Ref. JDPPXW4R 25 Mjv 2022 10..24..45 GMT{Lrrc +0) D 111 P 118 Foundatlon for the Advancement of Educatlon & Communlty Development Reglstered Charlty No 1180602 Receipt5 and Payrnents Account For the year ended 31 March 2022
VYbJsk9un*urnTransorbc Ref. JDPPXW4R 25 Mjv 2022 10..24..45 GMT{Lrrc +0) D 111 P V8 Foundatlon for the Advanment of Educatlon & Communlty Development Index Page Legal and Administrative Details Trustees Annual Report Independent Examiner's Report Receipts and Payments Account Statement of Assets and Liabilities
VYbJsk9un*urnTransorbc Ref. JDPPXW4R 25 Mjv 2022 10..24..46 GMT{Lrrc +0) D 111 P V8 Foundatlon for the Advancement of Educatlon & Communlty Development Legal and Administratlve Detalls Incorporation The Foundation for the Advancement of Education & Community Development was registered with the Charity Commission as a Charitable Incorporated Organisation on 7 November 2018. Working Name FAECD Registered Charity Number 118060 Trustees Kian Golestani Patrick O'mara Farnaz Trick Francis Farhang Sajed Robert Weinberg Principal Office 63 Montpelier Walk London SW7 IJH Accountants James Cowper Kreston 2 Communications Road Greenham Business Park Greenham Newbury RG19 6AB Bankers Natwest Knightsbridge Branch PO Box 6037 186 Brompton Road London SW3 IHL
VYbJsk9un*urnTransorbc Ref. JDPPXW4R 25 Mjv 2022 10..24..46 GMT{Lrrc +0) D 111 P4fd Foundation for the Advancement of Education & Community Development Trustees Annual Report Forthe year ended 31 March 2022 The Trustees present their report along with the financial statements of the charity for the year ended 31 March 2022. Structure, Governance and Management The constitution of the charity is set out on page l. The Trustees who have served during the year and since the year end are set out on page l. There must be at least three trustees and there is no maximum number of trustees. Any person who is willing to art as a trustee may be appointed by decision of the charity trustees. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit. including the guidance 'Public benefit.. running a charity IPB21'. Objects of the Charlty The objects of the CIO are for the public benefit to further any purpose which is exclusively charitable under the law of England and Wales. The main purposes include- - The advancement of education - The development of the capacity & skills of people in economically disadvantaged areas to better able them identify & help meet their needs & participate more fully in society Grants may be made to individual charitable beneficiaries, UK registered charities & other organisations lin the UK & abroad) that carry out activities that are charitable under English law. Review of the Year The charity has received donations but has not yet commenced its charitable giving. The financial statements reflect the current financial statu5 of the charity. Income from donations was £70,22212021.. £NILI, there was an exchange loss of £1,02912021.. £82610ssI and the expenditure in the period amounted to £60112021- £5991 giving a surplu5 of income over expenditure. At the end of the period there were total funds of £74,21812021: £5,626).
VkiuaBunatLnTrarffjxlvM Ref. JDPJQPXW4RSJ 25 M)v 2022 10..24.'47 GMT{Lrrc +0) D 111 P 518 Foundatlon for the Advancement of Educatlon & Communlty Development Trustees Annual Report Forthe year ended 31 March 2022 Statement of Trustees Responslbllltles The Trustees are responsible for preparing the Trustee's report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statement5 for each financial year which give a true and fair view of the State of affairs of the charity and of the incoming resource5 and application of resource5 of the charity for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently: observe the methods and principles in the Charities SORP,. make judgments and accounting estimates that are reasonable and prudent: prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and disclose wh reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. the Charity (Accounts and Reportsl Regulations 2008 and the provisions of the trust deed. They are also responsible for safegu2rding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees and signed on their behalf by: Patrlck O'mara 25 Novenknr 2022
VYbJsk9unurnTransorbc Ref. JDPPXW4R 25 Mjv 2022 10..24..47 GMT{Lrrc +0) D 111 P 618 Independent Examlner's Report To the trustees of Foundatlon for the Advancement of EducatSon & Communlty Development Independent Examiner's Report to the Trustees of The Gilbert Edgar Trust I'the Charity'l I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2022. R8sponslbllltlès and Basls of Report A5 the Trustees of the Charity you are responsible for the preparation of the accounts in accordance wTrth the requirements of the Charities Act 20111'the 2011 Act'l. I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent Examln•r's Stat8ment Your attention is drawn to the fact that the Charity has prepared the accoLtnts in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accoL¢nts in accordance with the Financial Reporting Standard applitable in the UK and Republic of Ireland IFRS 1021 in prèferanca to the Accounting and Rèporting by Charitiès." Statement of Rècommendèd Practice issuèd on l April 2005 which is referred to in the extant regulations but has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with th8 G8nerally Accept8d Accounting Practice affective for reporting periods beginning on or after l January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in arbv material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act,. or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities IAccounts and Rèportsl Regulations 2008 other than any requirèmènt that th8 accounts give a rue and fair, view which 15 not a matter considered as part of an independent examination. I hav8 no concerns and havè come across no other mattars in connection with the axamination to which attention should be drawn in this report in order to enable a proper understanding of the account5 to be reached. Thi5 report 15 made solely to the Charity'5 Tru5tee5, as a body, in accordance with Part 4 of the Charitie5 (Accounts and Reportsl Regulations 2008. My work has been undertaken so that I might state to the Chartty's Trustees those matters l am required to state to them in an Independent examiner's report and for no other purposè. To thè fullest extgnt permitted by law. I do not accapt or assume ragpollgibility to anyon8 other than the Charity and the Charity's Trustees as a body, for my work or for this rèport. Signtd.. Dated . 25 November 2022 Darren O'connor BSC (Honsl FCCA ACA1Senior Statutory Auditor) James Cowpar Kreston Rèading Bridg• Housè George Street Reading RGI 8LS
VYbJsk9un*urnTransorbc Ref. JDPPXW4R 25 Mjv 2022 10..24..48 GMT{Lrrc +0) D 111 P 7r8 Foundatlon for the Advancement of Educatlon & Communlty Development Receipts and Payments Account for the year to 31 March 2022 Unrestricted Funds Year end 31-Mar-22 Unrestricted Funds Year end 31-Mar-21 Receipts Donations Exchange gain Total recelpts 70.222 70.222 Payments Accountancy Bank charges Exchange loss Total Payments 600 600 iii 826 1,425 1,029 1,630 ExcessllDeflcltl of recelpts over payments 68,592 11,4251 Cash and bank balances at l Aprll 2021 5,626 7,051 Cash and bank balances at 31 March 2022 74,218 5,626
VkiuaBunatLnTrarffjxlvM Ref. JDPJQPXW4RSJ 25 M)v 2022 10..24.'48 GMT{Lrrc +0) D 111 P 818 Foundatlon for the Advancement of Educatlon & Communlty Development Statement of Assets and Llabllltles as at 31 March 2022 2022 2021 Assets Monetary Assets Cash at bank 74,218 5.626 Liabilities Accountancy fees 12,100} 16001 Total assets 72,118 5,026 Approved by the Trustees and signed on their behalf bv.. Patrick O'mara Date.. 25 November 2022 Foreign currency balances are converted to sterling at the exchange rate on the Balance Sheet date and unrealised profits or losses are treated as a receipt or payment in the Receipts and Payments account.